Ratos divests its Hilton share-holding

2002-03-22

Ratos today announces that it has sold its total shareholding in Hilton
Group plc - a shareholding which was received as a part of the payment for Scandic Hotels in April 2001. Hilton has agreed with Ratos AB on an early release from the lock-up on the shares.

This lock up was due to expire on 22 April 2002. The 17,627,886 shares, representing 1.1 % of the issued share capital of Hilton, have been purchased by Deutsche Bank AG London who are placing them with institutional investors. As a result of this sale Ratos has no remaining holding in Hilton.

The sale of shares totals more than SEK 600m and gives Ratos an exit gain of approximately SEK 50m. The annual Internal Rate of Return (IRR) on Ratos investment in Hilton Group is somewhat less than 15 %. Ratos will receive a dividend for year 2001 of SEK 14m in June.